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2020
Election ballots are still being counted. The challenger is still leading the race for 270 electoral votes.
NDX +301.05, +2.56%, gapped up and closed higher for the third straight day. A channel bounce continuation. The move was led by strength in AAPL, AMZN, MSFT, FB and GOOGL.
SPX +67.01, +1.95%, closes at 3,510, a channel bounce continuation.
Ten of eleven sectors were higher on Thursday, led by XLB, XLK and XLF.
Basic Materials leaders: ALB, LYB, LIN, DOW
SPY up +6.70 at 350.24 on 82.0 million shares, above average volume, up on lower volume.
VIX down -5.98 at 27.73
DOW, CAT, JPM, CRM led the DJIA, 27 advancers, +13
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY, DIA,
Advancers strengthened on Thursday as advancers led 2,466 to 607 on the NYSE and led 2,723 to 805 on the NASDAQ
The SPY MFC green line turned up at 51.1 and is bullish. Price action is a channel bounce continuation nearing resistance.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
85 of 100 NDX stocks closed higher on Thursday.
79 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, MELI, ALGN, JD, GOOGL, PDD, CDNS, EXPE, NXPI, PAYX, CSX, ADSK, CDW, CERN, COST, CPRT, KHC, KLAC, LRCX, PCAR, TXN, XEL, ADI, AMAT, CTSH, DLTR, FAST, MAR, MCHP, MU, MXIM, SBUX, SNPS, VRSK, WBA, ADBE, ALXN, AMD, AMZN, ANSS, ASML, BIIB, BKNG, CHTR, CTAS, DOCU, FB, FISV, INCY, INTU, LULU, MNST, MSFT, NTES, NVDA, REGN, SPLK, TCOM, TMUS, VRSN, AAPL, ATVI, AVGO, EA, ISRG, MRNA, NFLX, PYPL, ROST, SWKS, TSLA, TTWO, WDAY, WDC,
Election ballots are still being counted. The challenger is still leading the race for 270 electoral votes.
NDX +301.05, +2.56%, gapped up and closed higher for the third straight day. A channel bounce continuation. The move was led by strength in AAPL, AMZN, MSFT, FB and GOOGL.
SPX +67.01, +1.95%, closes at 3,510, a channel bounce continuation.
Ten of eleven sectors were higher on Thursday, led by XLB, XLK and XLF.
Basic Materials leaders: ALB, LYB, LIN, DOW
SPY up +6.70 at 350.24 on 82.0 million shares, above average volume, up on lower volume.
VIX down -5.98 at 27.73
DOW, CAT, JPM, CRM led the DJIA, 27 advancers, +13
The two-year trend term is up. The one-year trend is up.
Up: IWM, QQQ, SPY, DIA,
Advancers strengthened on Thursday as advancers led 2,466 to 607 on the NYSE and led 2,723 to 805 on the NASDAQ
The SPY MFC green line turned up at 51.1 and is bullish. Price action is a channel bounce continuation nearing resistance.
Uptrend sectors: XLU, XLB, XLI, XLY, XLC, XLP, XLV, XLK,
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend is sideways.
3-month Intermediate Term Market Trend: Sideways
3-day Short Term Market Trend: Up
85 of 100 NDX stocks closed higher on Thursday.
79 NDX stocks are above their 30 DMA: IDXX, QCOM, ADP, XLNX, BIDU, SIRI, EXC, MELI, ALGN, JD, GOOGL, PDD, CDNS, EXPE, NXPI, PAYX, CSX, ADSK, CDW, CERN, COST, CPRT, KHC, KLAC, LRCX, PCAR, TXN, XEL, ADI, AMAT, CTSH, DLTR, FAST, MAR, MCHP, MU, MXIM, SBUX, SNPS, VRSK, WBA, ADBE, ALXN, AMD, AMZN, ANSS, ASML, BIIB, BKNG, CHTR, CTAS, DOCU, FB, FISV, INCY, INTU, LULU, MNST, MSFT, NTES, NVDA, REGN, SPLK, TCOM, TMUS, VRSN, AAPL, ATVI, AVGO, EA, ISRG, MRNA, NFLX, PYPL, ROST, SWKS, TSLA, TTWO, WDAY, WDC,
NDX Stocks to Watch on Friday:
Moving Above 30 DMA = 14
Moving Below 30 DMA = 1
INCY,
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